Turkey - Current economic position and prospects

Report No. 711a-TU FILE COPY Current Economic Position and Prospects of Turkey June 9, 1975 Europe, Middle East and North Africa Region Not for Public Use Document of the International Bank for Reconstruction and Development International Development Association This report vas prepared tor olficial use onlv bV the Bank Group It may not be published quoted or cited without Bank Group authorizatron. The Bank Gri up doe, not accept re5ponsibitv tor the accuracy or cormpleteness of the report  CURRENCY EQUIVALENTS Prior to August 9, 1970 US $1.00 = TL 9.00 TL 1.00 = US$0.11 August 9, 1970 to December 1971 US $1.00 = TL 15.00 TL 1.00 = US$0.067 December 1971 to May 1974 uS $1.00 TL 14.00 TL 1.00 = US $0.67 May 1974 to September 1974 US $1.00 = TL 13.50 TL 1.00 = US $0.074 September 1974 to May 1975 US $1.00 = TL 13.85 TL 1.00 = US $0.072 Since May 1975 US $1.00 = TL 14.00 TL 1.00 = US $0.07  TABLE OF CONTENTS Page No. COUNTRY DATA SHEET LIST OF TEXT TABLES SUMMARY AND CONCLUSIONS ................... i-iv CHAPTER I INTRODUCTION . ............................. 1 CHAPTER II OUTPUT AND USE OF RESOURCES .............. . 2 CHAPTER III PUBLIC FINANCE .............. ............ .* 8 CHAPTER IV MONEY, CREDIT AND PRICES ................. . 18 CHAPTE:& V BALANCE OF PAYMENTS ........... ......... 24 CHAPTER VI PROSPECTS .* .. ............................ 32 ANNEX I - PROSPECTS AND IMPLICATIONS OF MIGRANT WORKERS STATISTICAL APPENDIX This report was prepared by a mission which visited Turkey during November 1974. The mission was composed of Messrs. Ram Chopra (Chief of Mission), A. Zaman, H. Mc,on and C. Comeliau (general economLsts).   Pge 1 of 3 paese ONTRY! DATA - TURlEY iREA POPULATION RNSITY 7h7376 km i 39.2 miIlion (rid-1974) 115 lab Per )eof erable lend SOCIAL INDICATORS Turkey Reference Countries TurkeZ ~~~Colombia Iran lt4* ONP PER CAPITA us$ (ATLAS BASIS) /f 230 /a 370 a 400 /a 490 /a 1,960 /a DEmOGSPEPIC Crude birt h rate (per thousand) 45 /d,e 38 /fl 45 /fb 4 5 /fj 16.3 /a Crude death rate (per thosand) I' /dS 137f R 11 If h 17 /f,h